Financials Hopson Development Holdings Limited

Equities

754

BMG4600H1198

Real Estate Development & Operations

Market Closed - Hong Kong S.E. 09:08:20 26/04/2024 BST 5-day change 1st Jan Change
3.58 HKD +3.17% Intraday chart for Hopson Development Holdings Limited +4.99% -11.82%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 14,422 17,582 43,301 38,609 22,066 15,398
Enterprise Value (EV) 1 61,805 71,992 117,622 125,100 106,606 88,611
P/E ratio 2.5 x 1.85 x 3.22 x 3.99 x 2.52 x 5.27 x
Yield 6.17% 5.06% 8.6% 3.72% - -
Capitalization / Revenue 1.08 x 0.95 x 1.26 x 1.26 x 0.81 x 0.45 x
EV / Revenue 4.65 x 3.87 x 3.42 x 4.07 x 3.91 x 2.58 x
EV / EBITDA 13 x 10.3 x 6.49 x 20.8 x 26.6 x 19.7 x
EV / FCF 17.7 x -18.1 x -5.51 x -534 x 6.31 x 13 x
FCF Yield 5.66% -5.51% -18.1% -0.19% 15.9% 7.68%
Price to Book 0.22 x 0.24 x 0.49 x 0.4 x 0.24 x 0.16 x
Nbr of stocks (in thousands) 3,910,132 3,910,132 3,850,059 3,792,541 3,792,541 3,792,541
Reference price 2 3.688 4.497 11.25 10.18 5.818 4.060
Announcement Date 17/04/19 16/04/20 22/04/21 21/04/22 20/04/23 24/04/24
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 13,294 18,601 34,371 30,734 27,252 34,292
EBITDA 1 4,751 6,991 18,122 6,005 4,010 4,494
EBIT 1 4,568 6,794 17,880 5,777 3,783 4,270
Operating Margin 34.36% 36.53% 52.02% 18.8% 13.88% 12.45%
Earnings before Tax (EBT) 1 8,994 14,762 18,640 16,297 13,068 6,294
Net income 1 5,775 9,486 13,634 9,759 8,762 2,922
Net margin 43.45% 51% 39.67% 31.75% 32.15% 8.52%
EPS 2 1.477 2.426 3.498 2.554 2.310 0.7700
Free Cash Flow 1 3,496 -3,967 -21,339 -234.1 16,907 6,806
FCF margin 26.3% -21.33% -62.08% -0.76% 62.04% 19.85%
FCF Conversion (EBITDA) 73.59% - - - 421.58% 151.46%
FCF Conversion (Net income) 60.54% - - - 192.94% 232.9%
Dividend per Share 2 0.2277 0.2277 0.9676 0.3785 - -
Announcement Date 17/04/19 16/04/20 22/04/21 21/04/22 20/04/23 24/04/24
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 47,383 54,410 74,321 86,491 84,540 73,213
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 9.973 x 7.783 x 4.101 x 14.4 x 21.08 x 16.29 x
Free Cash Flow 1 3,496 -3,967 -21,339 -234 16,907 6,806
ROE (net income / shareholders' equity) 8.69% 13.5% 15.8% 9.81% 8.6% 3.42%
ROA (Net income/ Total Assets) 1.8% 2.31% 4.43% 1.12% 0.73% 0.91%
Assets 1 321,592 411,272 308,040 874,478 1,195,098 321,629
Book Value Per Share 2 16.80 18.60 22.90 25.40 24.60 25.10
Cash Flow per Share 2 1.910 3.230 7.250 7.920 3.720 4.050
Capex 1 166 724 449 275 83.1 106
Capex / Sales 1.25% 3.89% 1.31% 0.89% 0.31% 0.31%
Announcement Date 17/04/19 16/04/20 22/04/21 21/04/22 20/04/23 24/04/24
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Chiffre d''affaires - Rate of surprise

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